BILLINGS, Mont., Dec. 1, 2014 (GLOBE NEWSWIRE) -- Stillwater Mining Company (NYSE:SWC) (TSX:SWC.U) today announced that shares of its common stock will be voluntarily delisted from the Toronto Stock Exchange ("TSX") at the close of markets on December 5, 2014 pursuant to the Company's application for voluntary delisting, which has received approval from the TSX.
The Company's decision to delist from the TSX was based on low trading volume of its shares over a sustained period of time, which does not justify the administrative costs associated with maintaining a dual listing. Following its delisting from the TSX, Stillwater's shares will continue to trade on the New York Stock Exchange ("NYSE") under the symbol "SWC". Canadian investors will be able to continue trading shares of Stillwater Mining Company on the NYSE.
About Stillwater Mining Company
Headquartered in Billings, Montana, Stillwater Mining Company is the only U.S. miner of platinum group metals (PGMs) and the largest primary producer of PGMs outside of South Africa and the Russian Federation. PGMs are rare precious metals used in a wide variety of applications, including automobile catalysts, fuel cells, hydrogen purification, electronics, jewelry, dentistry, medicine and coinage. The Company is engaged in the development, extraction and processing of PGMs from a geological formation in southern Montana known as the J-M Reef and from the recycling of spent catalytic converters. The J-M Reef is the only known significant source of PGMs in the United States and the highest-grade PGM resource known in the world. The Company also owns the Marathon PGM-copper deposit in Ontario, Canada, and the Altar porphyry copper-gold deposit located in the San Juan province of Argentina. The Company's shares are traded on the New York Stock Exchange under the symbol SWC and on the Toronto Stock Exchange under the symbol SWC.U. Information about the Company can be found at its website: www.stillwatermining.com.